Elon Musk
Musk’s xAI needs SpaceX deal for the money. Data centers in space are still a dream
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Elon Musk said a primary reason for merging SpaceX with his artificial intelligence startup, xAI, is to more effectively build “orbital data centers.” […]
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CNBC Daily Open: India and U.S. strike a trade deal, and markets shrug off precious metals rout
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., Feb. 13, 2025. Kevin Lamarque | Reuters The world’s largest economy has struck a deal with the most populous nation. U.S. President Donald Trump announced Monday that America […]
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Oracle’s credit default swaps are plummeting as financing plan boosts investor confidence
Oracle’s 5-year credit default swaps tumbled 17% after the software vendor’s plan to raise $50 billion in debt and equity bolstered investor confidence that the company will be able to avoid a credit downgrade as it funds its artificial intelligence buildout. “Equity financing significantly inhibits the downside for credit,” Andrew Keches, a credit analyst at […]
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Elon Musk’s SpaceX acquiring AI startup xAI ahead of potential IPO
A SpaceX Falcon Heavy rocket carrying the National Oceanic and Atmospheric Administration’s (NOAA) weather satellite Geostationary Operational Environmental Satellite U (GOES-U) lifts off from Launch Complex 39A at NASA’s Kennedy Space Center, Florida, June 25, 2024. Miguel J. Rodriguez Carrillo | AFP | Getty Images Elon Musk is combining rocket maker SpaceX with his artificial […]
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Jim Cramer: Waymo’s soaring valuation adds a new layer to the Alphabet buy story
Waymo is becoming a real source of investor excitement on new valuation reports — reaffirming Jim Cramer’s view that the Alphabet stock remains a buy for that and so much more. Once an Alphabet moonshot, launched as the Google Self-Driving Car project in 2009, Waymo nowadays is shooting to the moon. The robotaxi business is […]
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Nvidia CEO Huang denies he is unhappy with OpenAI, says ‘huge’ investment planned at ‘trillion-dollar dinner’
Jensen Huang, chief executive officer of Nvidia Corp., during a Bloomberg Television interview at the Nvidia AI summit in Washington, DC, US, on Tuesday, Oct. 28, 2025. Kent Nishimura | Bloomberg | Getty Images Nvidia plans to make a “huge” investment into OpenAI, probably its largest ever, CEO Jensen Huang said on Saturday, denying he […]
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Epstein files: Trump, Howard Lutnick, Steve Tisch among prominent names that appear in latest Justice Department release
Ghislaine Maxwell and Jeffrey Epstein during a party at Mar-a-Lago in Palm Beach, Florida, Feb. 12, 2000. Davidoff Studios Photography | Archive Photos | Getty Images The Justice Department on Friday released many more records from its investigative files on Jeffrey Epstein, resuming disclosures under a law intended to reveal what the government knew about […]
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Judge signals Musk’s xAI may lose lawsuit accusing Altman’s OpenAI of stealing trade secrets
Sam Altman, CEO of OpenAI (L) and Elon Musk, CEO of Tesla. Reuters A federal judge signaled on Friday she may dismiss a lawsuit by Elon Musk’s artificial intelligence startup xAI accusing Sam Altman’s rival OpenAI of stealing trade secrets to gain an unfair advantage in developing AI technology. U.S. District Judge Rita Lin in […]
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Epstein files show Elon Musk apparently discussed plans to visit sex offender’s island, host him at SpaceX
A cache of newly released documents from the Epstein files on Friday showed Elon Musk apparently corresponded with the convicted sex offender in 2012 and 2013, as they discussed meeting at Jeffrey Epstein’s private island and at Musk’s SpaceX facility in Southern California. The emails indicate Musk asked about attending the “wildest party,” hosted by […]
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Amazon asks FCC for extension for Leo satellite internet service
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, on April 9, 2025. Steve Nesius | Reuters Amazon has asked the Federal Communications Commission […]
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